Income and profit are two measures of an industry's performance. Income
of transportation industries declined 10.1 percent from the fourth quarter
of 2000 through the fourth quarter of 2001 before a 2.4 percent increase
in the first quarter of 2002. This slowdown has caused transportation
industries' profits to be negative (a loss) for two consecutive quarters
for the first time since the third and fourth quarters of 1990.

For-Hire Transportation Industries

Q4 01

Q1 02

Income (billions of dollars)

55.70

57.05

Income percent change from previous quarter

-6.74

2.42

Profit (billions of dollars)

-1.73

-0.55

Profit percent change from previous quarter

(--)

(--)

NOTES: For-hire transportation includes establishments providing passenger
and freight transportation and related services on a fee basis to the
general public or other business enterprises. For-hire does not include
in-house transportation establishments within nontransportation enterprises,
which provide transportation services for the enterprises' own use.

Income of a for-hire transportation industry is the difference between
its revenue and the cost of its intermediate inputs (or goods and services
consumed in providing transportation services). If an industry has no
operations in foreign countries and its income comes entirely from its
production activities (in contrast to, for example, financial activities),
its income would be the same as its contribution to Gross Domestic Product.